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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 2. |
Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31st March, 2018. A and B share profits and losses in the ratio of 2 : 1. |
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Answer» JOURNAL 1. Cash a/c... Dr. 160000 To C's Capital a/c 100000 To Premium for Goodwill a/c 60000 (Being capital and premium for goodwill brought in by C) 2. Premium for Goodwill a/c... Dr. 60000 To A's Capital a/c 40000 To B's Capital a/c 20000 (Being premium for goodwill distributed among the partners in the ratio of 2:1) 3. Revaluation a/c.... Dr. 8000 To Stock a/c 4000 To Provision for doubtful debts a/c 3000 To Creditors a/c 1000 (Being DECREASE in assets and increase in liabilities transferred to revaluation ACCOUNT) 4. Plant a/c.... Dr. 20000 Building a/c... Dr. 15000 To Revaluation a/c 35000 (Being increase in assets transferred to revaluation account) 5. Revaluation a/c... Dr. 27000 To A's Capital a/c 18000 To B's Capital a/c 9000 (Being profit on revaluation transferred to the partner's capital account) (ii) REVALUATION A/C Dr. Cr. Particulars Amount (in Rs.) Particulars Amount (in Rs.) To Stock a/c 4000 By Plant a/c 20000 To Provision for doubtful debts a/c 3000 By Building a/c 15000 To Creditors a/c 1000 To Profit on Revaluation - A's Capital a/c - B's Capital a/c 18000 9000 TOTAL 35000 TOTAL 35000 (iii) PARTNER'S CAPITAL A/C Dr. Cr. Particulars A B C Particulars A B C By Balance b/d 180000 150000 By Cash a/c 100000 By Premium for Goodwill a/c 40000 20000 To Balance c/d 238000 179000 100000 By Profit on revaluation a/c 18000 9000 TOTAL 238000 179000 100000 TOTAL 238000 179000 100000 (iv) BALANCE SHEET (After admission of C) Liabilities Amount (in Rs.) Assets Amount (in Rs.) Bills Payable 10000 Cash in Hand (10000+160000) 170000 Creditors (58000+1000) 59000 Cash at Bank 40000 Outstanding Expenses 2000 Sundry Debtors (60000-3000) 57000 Capital - A - B - C 238000 179000 100000 Stock (40000-4000) 36000 Plant (100000+20000) 120000 Building (150000+15000) 165000 TOTAL 588000 TOTAL 588000 |
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| 3. |
Enter the following transactions of Rupender in his Single Column Cash Book and balance it:2020Jan. 1Jan. 2Jan. 3Jan. 5Jan. 7Jan. 10Jan. 15Jan. 20Jan. 25Jan. 31Rupender started business with ………………………………………………………Purchased furniture for cash…………………………………………………………Purchased goods for cash……………………………………………………………..Paid freight……………………………………………………………………………………Sold goods for cash……………………………………………………………………….Paid to Ramesh……………………………………………………………………………..Sold goods for cash……………………………………………………………………….Paid wages…………………………………………………………………………………….Purchased goods form Raj on credit……………………………………………..Paid rent by Cheque…………………………………………………………………….. Rs.2,00,00050,00030,00050028,00020,00010,00010,00020,0005,000 |
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Answer» ✪ Solution REFER to attachment ✪ Explanation :-
☞ Purchased goods from Raj on credit (Jan 25) : It will not be RECORDED in Single column cash book. This is because Single Column cash book, only records cash receipts and cash payment. ☞ Paid rent by cheque (Jan 31) : It will not be recorded in Single column cash book. This transaction involves bank transaction. So, it will RECORD in Double Column cash book |
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| 4. |
There are different approaches to the computation of cost of equity capital and there is noexplicit cost of retained earning Critically comment. |
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Answer» jhfh JHV LHG just KIDDING me SCREENSHOT |
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| 6. |
Prabhat and sharad are partners sharing profit in the ratio of 4/5 and 1/5. Their business position on 31 december 2017 was as under |
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| 7. |
By balance cld (Closing Bal)EXERCISESFrom the following particulars ascertain profit or loss:ParticularsCapital at the beginning of the year (1" April, 2018)Capital at the end of the year (31" March, 2019)Additional capital introduced during the yearDrawings during the year5.00.0008,50,0001.20,00070,000 |
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Answer» 15,40,000 is your answer |
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| 8. |
purchase motor car from tata n company purchase more taken from Tata and company worth rupees 5 lakh GST 18% find GST amount and entry |
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Answer» TAP on a CLIP to paste it in the text BOX.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Use the edit ICON to pin, add or delete clips.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box. |
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| 9. |
Ram Bros returned 3Videocon washing machines being Defective (sales return books) |
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Answer» To RAM Bros |
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| 10. |
20000 for wages and 4000 fir salaries are outstanding |
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Answer» Answer: THE OUTSTANDING SALARY AND WAGES ACCOUNTS ARE CREDITED AS OUR LIABILITY IS INCREASING. AND INCREASE IN LIABILITY IS ALWAYS CREDITED. This discussion on 20000 for wages and 4000 for SALARIES are outstanding. Explanation: it's your answer agr apka Man kre to PLEASE LIKE kre or mujhe follow kre THANK YOU |
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| 11. |
Ram started business with cash 10000 write journal form |
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Answer» Answer:To make journal entry in Tally we have to open ledger first and then make journal entry in tally Example : 1 Started Business with cash Rs 10000. Journal entry will Be Cash A/c Dr 100000 To capital A/c 100000 ( being business started ) 2. Deposited into Bank 50000 Bank A/c 50000 To cash A/c 50000 (being cash deposited into bank) 3. Purchase Goods costing Rs 20000 form Shyam . Purchase A/c Dr 20000 To Shyam 20,000 (being goods purchased) 4. Sold goods to Mohan Rs 25000 Mohan A/c 25000 To sales A/c 25000 (being goods sold) 5 Paid Salary to Gopal Rs 2000 by cheque . Salary A/c 2000 To cash A/c 2000 (being salary paid ) 6 Commission received for cash Rs 7000 Cash A/c 7000 To commission A/c 7000 (being commission received) 7. Paid cash to Shyam and discount received 5%. Shyam Dr 19000 ‘To cash A/c 19000 To discount Received A/c 1000 (being cash paid and discount received ) How to create Ledger in Tally When we start tally we have to Go to Gateway to Tally
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| 12. |
From the following details ascertainthe adjustedbank balance as perCash Book – overdraft as per cash Books1 60000 ; cheque received enteredtwice in the cash Book Rs. 10,000;Credit side of bank column Cast short by Rs. 1,000 ; bank charges amounting to & 400 entered twice:(a) 1,61,000(b) 1,71,000(C) 1,70,000(d) 1,70, 600 |
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Answer» hmmmm Explanation: d is the answer i THINK so |
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| 13. |
The gift given by the legal representative as per the will of deceased member |
Answer» A gift GIVEN by a legal representative as PER will is CALLED LEGACY |
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| 14. |
Return outward other name |
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Answer» Answer: Return outwards are goods RETURNED by a customer to the SELLER. They are goods which were PURCHASED from other businesses, however, because of being unsatisfactory they were returned BACK to them, they are also called Purchase returns. Explanation: please mark as BRAINLIST |
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| 15. |
What is the journal entry of octroi paid 600 |
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Answer» INWARD and carriage outward Carriage inward is paid by business to supplier when goods are purchased from supplier and are transported to business premises Carriage inward a/c dr To cash a/c Carriage inward is expense of business as carriage charges ( TRANSPORTATION charges ) are paid for getting goods from supplier so it is DEBITED because it is nominal account Cash goes out of business and REAL account so credited Carriage outward is paid when the goods are sold to customer. Carriage outward a/c dr |
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| 16. |
Please help me asap i will mark as brainist and 5star rating need HELP |
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Answer» Answer: COMPARATIVE Financial STATEMENTS Statements used to compare the items of income statement i.e. profit and loss account and position statement i.e. balance sheet for ascertaining the trend of the PERFORMANCE and profitability of an enterprise are known as comparative financial statements. Explanation: PLEASE mark as brain list plzzzz follow me guess I am follow BACK to you |
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| 17. |
उदाहरण 1: दो व्यक्तियों की मासिक आय 4 : 5 में है तथा उनके मासिक व्यय 7 : 9 के अनुपात में हैं। यदि प्रत्येक50 रु. मासिक बचा लेता है तो उनकी मासिक आय बताइये।हल: मान लीजिए दो व्यक्तियों की मासिक आय 4x तथा 5x है ताकि इनका अनुपात Rs. 4x : Rs. 5x = 4 : 5 हो। यदिप्रत्येक व्यक्ति 50 रु. प्रति माह बचाता है तो दोनों व्यक्तियों का व्यय होगा (4x-50) तथा Rs. (5x - 50). |
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Answer» होती आणि मी ऐकत असते पण मग मला त्यामुळे मी ऐकत नाही घरी आलो आणि झोपी गेले आहेत की नाहीत आणि जर तो निवडून नाही हे |
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| 18. |
From the following information prepare income and expenditure account and balance sheet for year end march 31 2014 of sports club |
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Answer» Answer: 31 3 2014 |
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| 19. |
The Articles of the company stated that Mr. Z would be the financial advisor of thecompany. The company in its general meeting passed a resolution to appoint Mr. Y in placeof Mr. Z as the financial advisor of the company by altering its Articles of Association. Explainwith reasons whether the company can do so. |
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Answer» Answer: The Articles of the company stated that MR. Z would be the financial ADVISOR of the company. The company in its general meeting passed a resolution to appoint Mr. Y in place of Mr. Z as the financial advisor of the company by ALTERING its Articles of Association. Explain with reasons whether the company can do so. |
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| 20. |
pooja ltd.had the investments of 68,00,000 as on 31st march 2018 and that of 81,00,000 as on 31st march 2019. During the year the company had sold 30% of its original investment at a profit of 9,60,000. The cash inflow and outflow from investment will be ? |
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Answer» Which of the FOLLOWING is not a DATA TYPE? float integfloat integer character binaryer character binary Create a code in C for the following output 222222 999999 222222 999999 Which of the following is not a data type? float integfloat integer character binaryer character binary Create a code in C for the following output 222222 999999 222222 999999 Which of the following is not a data type? float integfloat integer character binaryer character binary Create a code in C for the following output 222222 999999 222222 999999 Which of the following is not a data type? float integfloat integer character binaryer character binary Create a code in C for the following output 222222 999999 222222 999999 |
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| 21. |
In the book of XYZ firm, there was an unrecorded asset of Rs. 10,000. This asset realised for Rs. 12,000. In the realisation account |
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Answer» Answer: bhai Saab MUJHE ni ata HAI free FIRE KHELTA hai tu BHI request bhej aryan$$12789 I'd |
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| 22. |
XYZ is a company incorporated since last 10 years. It has a strength of 20 employees. In the current year, the company had to face a lot of hardships due to natural calamities, which in turn reduced the company’s earnings drastically. To cope up with it, company decided to reduce the wages of its employees to bare minimum. Employees opposed it and filed a case under minimum wages Act claiming their wages. As a law officer suggest who would win and also give reasons by giving suitable references from the Minimum wages Act, 1948 |
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Answer» COMPANY will lose as they cannot PAY amount less than PRESCRIBED MINIMUM wages Explanation: |
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| 23. |
fun of the partners in the partnership firm has we don't 9000 at the end of each quarter throughout the year the interest on drawings at the rate of 6% per annum will be |
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Answer» idbguij Explanation: khtygcgjibvfyhnncxxzzsfh |
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| 24. |
Assignment. how to make |
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Answer» you can SEARCH it in GOOGLE..... because it is a LONG PROCEDURE |
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| 25. |
Following is the receipts and payments a/c of recreation club for the year ended 31st march 2007 |
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Answer» जिंदगी सवार दो एक नई बहार दो दुनिया ही बदल द बदल दो मैं तो प्यारा सा समाचार मैं किसी का सपना हूं जो आज बन चुका है अब यह मेरा सपना है उनके सबके सपने सच में |
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| 26. |
Journal entry fir the following photo |
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| 27. |
-19. लखनऊ कार मरम्मत कम्पनी की स्थापना 1 जनवरी, 2018 को ₹ 10 लाख की अधिकृत पूँजी के साथ की गयी थी। यह पूँजी₹ 10 वाले 1,00,000 अंशों में विभक्त थी। कम्पनी ने आधे अंशों का निर्गमन किया। निर्गमन की शर्तों के अनुसार ₹ 2आवेदन-पत्र पर, ₹ 2 आबण्टन पर तथा ₹ 3 प्रथम याचना पर देय थे। कम्पनी को सभी निर्गमित अंशों पर आवेदन-पत्र राशितथा आबण्टन राशि यथासमय प्राप्त हो गयी। प्रथम याचना की दशा में मोहन सिंह नामक एक अंशधारी ने 1,500 अंशों कीप्रथम याचना राशि का भुगतान नहीं किया। शेष प्रथम याचना राशि प्राप्त हो गयी। साथ में श्याम सिंह माथुर नामक व्यक्ति नेअपने 1,000 अंशों पर पूर्ण भुगतान कर दिया। शेष याचनाएँ नहीं की गयीं।उपर्युक्त का लखनऊ कार मरम्मत कम्पनी के जर्नल में आवश्यक प्रविष्टियाँ कीजिए तथा साथ में चिट्ठा भी तैयार कीजिए।[उत्तर-अवशिष्ट याचना ₹ 4,500; अग्रिम याचना ₹ 3,000; चिठे का योग ₹ 3,48,500] |
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Answer» Answer: what is this FIRST explain clearly and ASK your QUESTION then only we can answer any questions Explanation: OK understand |
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| 28. |
electricity and lighting charges included a deposit of 1500 for electric board what is the adjustment in final accounts? |
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Answer» SSecurity Deposit A/c DR. 1500 To ELECTRICITY and LIGHTING Charges Explanation: |
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| 29. |
171 poSonu and Romy are equal partners with fixed capital of Rs 4,00,000 and 3,00,000 respectively afterclosing the account for the year ending 31st March 2019 it was discovered that interest on Capital wasprovded @ 8% instead of 10% p.a. In the adjustment entryla) sony will be credited by 8,000 and Romy will be credited by 6,000(b) sony will be debited by 8.000 and Romy will be debited by 6,000(c) sony will be debited by 1,000 and Romy will be credited by 1,000(d) sony will be credited by 1,000 and Romy will be debited by 1,000D A |
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| 30. |
The is book keeping are soultio |
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Answer» Answer: Showing RESULTS for the is BOOKKEEPING are solution |
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| 32. |
Jagruti (Pvt.) Ltd. is a private limited company as per the Articles of Association of thecompany. However, a public company acquired shares in Jagruti (Pvt.) Ltd., thereby making it(Jagruti (Pvt.) Ltd.) a subsidiary of that public company. State the provisions and impact ofsuch acquisition of shares by a public company on Jagruti (Pvt.) Ltd. |
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Answer» t's a PRIVATE UNLISTED COMPANY and is classified as'company limited by shares'. |
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| 33. |
Cash discount received is recorded in the books ofaccount as follows:A. Cash Discount is debited to Discount Received AccountB. Cash Discount is credited to Discount Allowed AccountC. Cash Discount is credited to Discount Received AccountD. Cash Discount is reduced from Invoice Price |
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| 34. |
First Computers purchased computers fromHCL Ltd.and availed both Trade Discount and cash discount.The transaction recorded in the books of account willbe for |
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Answer» HCL Ltd. Explanation: |
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| 35. |
Sale proceed of old machine 3000 is credited to sales account |
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Answer» What is Its MEANING? What is Its meaning? |
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| 36. |
Ram returned the goods of rupees 5500 and paid the due amount by cheque . give me joural entry |
Answer» Journal EntrySales returns A/C Dr... ₹5500 To BANK A/C ₹5500 (Being the goods returned by Ram & AMOUNT paid by cheque) hope it may HELP you... ❤️❤️❤️ please mark my ANSWER brainliest ☺️☺️☺️ |
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| 37. |
What is bk and accountancy |
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Answer» Answer: bk MEANS BOOKKEEPING Explanation: Bookkeeping is concerned with the recording of financial transactions whereas accounting involves recording, classifying and SUMMARIZING financial transactions. Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, CREDITORS, management, and regulators. PRACTITIONERS of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. |
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| 38. |
Purchase goods from Mohan list price 10 lakh on 15 % trade discount |
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Answer» Answer: Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you COPY will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Use the EDIT icon to PIN, ADD or DELETE clips.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box. be gfjshdd jgdhfjt |
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| 39. |
Tell me joural entries of |
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Answer» Journal entries are important because they ALLOW US to sort our transactions into ... Debit and credit movements are used in ACCOUNTING to show.. |
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| 40. |
Advertisement for 2 years w.e.f 1 jan 2019 amount is 10000 we find one year amount |
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Answer»
plz plz plz plz plz plz plz plz plz plz plz plz plz follow me I will follow u and GIVE me BRILLIANT ANSWER
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| 41. |
A14. Appu, Abhi and Akash were partners in a firm sharing profit and losses in theratio of 2:1:1. Their Balance Sheet on the date of dissolution was as follows:Balance Sheet as on 31.3.2018Liabilities₹Assets₹Creditors20,000 Bank8,000Loan from Appu5,000 Debtors20,000Loan from Akshay2,000 Stock25,000P&L A/c6,000 Furniture10,000CapitalsAppu20,000 Machinery15,000Abhi15,000Akash10,00078,00078,000The following information is available:a) The assets were realized as follows:Debtors realized at 10% less and stock realized 10% more than the bookvalueb) Furniture was taken over by Appu at an agreed value of 78000.c) Machinery was taken over by Abhi at' 12000.d) Creditors were paid off at a discount of 5% each.e) Cost of dissolution amounted to 3500Prepare: a. Realisation A/Cb. Partners Capital Accounts andc. Bank A/CTO solutions |
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Answer» Answer: so much for your name of my friends are GOING to be HAPPY with my FAMILY is only one☝ 1⃣ of of of my favorite things that sorry for your SUPPORT of of |
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| 42. |
april 17 goods sold and sale proceeds deposited in bank rupees 8000 , april 19 bank has paid insurance premium as per our standing instructions rupees 1,800. april 25 dividend collected by bank rupees 2,500 . please dont spam it is very important |
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Answer» OK byeeeeeeeeeeeeeee stay SAFE |
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| 43. |
.Sold goods costing 10,000 at cost plus 20% less 10% trade discount to |
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Answer»
to SALES A/C 10,800 |
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| 44. |
X and Y are partners in a firm sharing profit & Losses in the ratio of 1:2 with a capital of Rs.4,00,000 and Rs. 6,00,000 respectively. Z is admitted as a new partners for ¼th share in firm, who brings Rs. 5,09,000 as capital. Profit & Loss a/c shows a credit balance of Rs. 36,000 as on date of admission of Z. Calculate Z’s share in Goodwill |
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| 45. |
Intra-state sale to Rakesh ` 3,000 and SGST @2.5% and CGST @2.5% applicable received full amonut from rakesh |
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Answer» Journal entry CGST A/c Dr 75 SGST A/c Dr 75 To sales A/c 3150 (being sales MADE to rakesh ) |
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| 46. |
Please Tell the journal Entries |
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Answer» Profit = 4,65,000 Explanation: Profit = Closing capital + DRAWINGS - ADDITIONAL capital - OPENING capital 13,00,000 + 40,000 - 1,25,000 -7,50,000 = 4,65,000. |
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| 47. |
The process of journalism involve certain steps explain the step with example |
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Answer» Answer: 1. Select a newsworthy STORY. Your goal is to give a timely account of a recent, interesting, and significant event or development. 2. Think about your goals and OBJECTIVES in writing the story. What will the readers want and need to know about the subject? How can you best TELL the story? 3. Find out who can provide the most accurate information about the subject and how to CONTACT that person. Find out what other sources you can use to obtain relevant information. 4. Do your homework. Do research so that you have a basic understanding of the situation before interviewing anyone about it. Check clips of stories already written on the subject. 5. Prepare a list of questions to ask about the story. 6. Arrange to get the needed information. This may mean scheduling an interview or locating the APPROPRIATE people to interview. 7. Interview the source and take notes. Ask your prepared questions, plus other questions that come up in the course of the conversation. Ask the source to suggest other sources. Ask if you may call the source back for further questions later. 8. Interview second and third sources, ask follow-up questions, and do further research until you have a understanding of the story. 9. Ask yourself, “What’s the story?” and “What’s the point?” Be sure you have a clear focus in your mind before you start writing. Rough out a lead in your head. 10. Make a written outline or plan of your story. Explanation: |
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| 48. |
Which of the following accounts will be used in equation if the goods are sold on credit to mr mahmood 1) cash and recievable account 2) account recievable and owners equity 3) account payable and owners equity 4) cash and equity account |
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Answer» ANSWER: (b) ACCOUNT recievable and owners EQUITY is answer mark me as brainliest hope it HELPS
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| 49. |
Chaman 1/6 respectively. The Balance Sheet of the firm as at 31st March, 2020 was:33. Ashok, Bhaskar and Chaman are partners in a firm, sharing profits and losses as Ashok 1/3, Bhaskar 1/2, andChapter 6. Retirement of a Partner 6.59₹LiabilitiesAssets₹Capital A/cs:AshokBhaskarChaman3,00,0004,00,0002,50,0005,00,0004,00,0001,00,0002,50,000BuildingPlant and MachineryFurnitureStockDebtors1,80,000Less: Provision for Doubtful Debts 5,000Cash in HandAdvertisement Suspense Account9,50,0002,20,0002,50,0001,50,000General ReserveSundry CreditorsLoan Payable1,75,00085,00060,00015,70,00015,70,000Chaman retired on 1st April, 2020 subject to the following adjustments:(a) Goodwill of the firm be valued at * 2,40,000. Chaman's share of goodwill be adjusted into the CapitalAccounts of Ashok and Bhaskar who will share future profits in the ratio of 3:2.(b) Plant and Machinery to be reduced by 10% and Furniture by 5%.(c) Stock to be increased by 15% and Building by 10%.(d) Provision for Doubtful Debts to be raised to 20,000.Pass Journal entries to record the above transactions in the books of the firm and show the Profit andLoss Adjustment Account, Capital Account of Chaman and the Balance Sheet of the firm after Chaman'sretirement.in profits and losses in the ratio of 3:2:1. On 1st April, 2020, |
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Answer» വിവർത്തനം ഗർഭം ചെന്നിത്തല ദും Explanation: ghikm വയത്യാസപ്പെട്ടിരിക്കുന്നു ശത്വെ |
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Write about asset?Do not spam |
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Answer» an ASSET is a resource with economic value.That an individual, CORPORATION or country owns and CONTROL with expectation that is will provide a future BENEFITS. |
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